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question 11 of 25
the price of 9 - volt batteries is increasing according to the function below, where t is years after january 1, 1980. during what year will the price reach $4?
$p(t)=1.1cdot e^{0.047t}$
a. 2005
b. 2009
c. 2003
d. 2007
Step1: Set up the equation
Set \(P(t) = 4\) in the formula \(P(t)=1.1\cdot e^{0.047t}\). So, \(4 = 1.1\cdot e^{0.047t}\).
Step2: Solve for \(e^{0.047t}\)
Divide both sides by \(1.1\): \(\frac{4}{1.1}=e^{0.047t}\), which simplifies to \(\frac{40}{11}=e^{0.047t}\).
Step3: Take the natural - logarithm of both sides
Using the property \(\ln(a^b)=b\ln(a)\) and \(\ln(e^x)=x\), we have \(\ln(\frac{40}{11})=\ln(e^{0.047t})\). So, \(\ln(\frac{40}{11}) = 0.047t\).
Step4: Calculate \(\ln(\frac{40}{11})\)
\(\ln(\frac{40}{11})\approx\ln(3.6364)\approx1.291\).
Step5: Solve for \(t\)
Since \(0.047t=\ln(\frac{40}{11})\approx1.291\), then \(t=\frac{1.291}{0.047}\approx27.47\).
Step6: Find the year
Since \(t\) is years after 1980, the year is \(1980 + 27.47\approx2007\).
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D. 2007